New York, Feb. 18 – UBS AG, London Branch priced $199,891.95 of 18.78% annualized trigger yield optimization notes due May 20 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $109.65, which is equal to the initial share price.
Interest is payable monthly.
The payout at maturity will be par unless the final price is less than 85% of the initial share price, in which case investors will receive one share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $199,891.95
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Maturity: | May 20
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Coupon: | 18.78%, payable monthly
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Price: | Par of $109.65
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Payout at maturity: | If final share price is less than trigger price, one ETF share; otherwise, par
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Initial share price: | $109.65
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Trigger price: | $93.20, 85% of initial price
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Pricing date: | Feb. 17
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Settlement date: | Feb. 22
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.7%
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Cusip: | 90303A227
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